Connecticut Bankruptcy Exemptions

This list of exemptions updated August 2007. All law references are to Connecticut General Statutes unless otherwise noted. Federal Bankruptcy Exemptions are allowed in Connecticut.

Homestead

52-352b - Real property, including mobile or manufactured home, up to $75,000. This only applies to claims arising after 1993. In money judgement cases arising out of services provided at a hospital, up to $125,000.

Personal Property

52-321 - Spendthrift trust funds needed for support.

52-352b - Motor vehicle up to $1,500; food, clothing and health aids; appliances, furniture and bedding; wedding and engagement rings; burial plot; residential utility and security deposits for 1 residence; proceeds for damaged exempt property; transfers made to a nonprofit debt adjustor; and $1,000 of any property.

Wages

52-361a - Minimum 75% of earned but unpaid wages or 40 times the state or federal minimum hourly wage; the greater of the two amounts will be used.

Pensions

11 U.S.C. § 522 - Tax exempt retirement accounts. Traditional and Roth IRAs up to $1,095,000 per person.

5-171;5-192w - State employees.

7-446 - Municipal employees.

10-183q - Teachers.

52-321a - Medical savings accounts.

52-352b - ERISA-IRAs, Roth IRAs, Keoghs, and other qualified benefits, but only to the extent wages are exempt.

Public Benefits

31-272 & 52-352b - Unemployment compensation.

52-352b - Workers' compensation; veterans' benefits; social security; crime victims' compensation; public assistance.

Tools of Trade

52-352b - Arms, military equipment, uniforms and musical instruments of military personnel; tools, books, instruments and farm animals needed.

Alimony and Child Support

52-352b - Alimony and child support, to extent wages are exempt.

Insurance

38a-453 - Life insurance proceeds, dividends, interest, or cash or surrender value:

38a-454 - Life insurance proceeds if policy prohibits use to pay creditors.

38a-637 - Fraternal benefit society benefits.

52-352b - Health and disability benefits; disability benefits paid by association for its members; unmatured life insurance policy dividends, interest, or loan value up to $4,000, if you or a person on whom you are dependent is the person whose life is insured.

Misc.

52-352d - Farm partnership animals and livestock feed that are required to reasonably run the farm where 50% or more of the partners are from the same family.

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